# Market details

Upon selecting the market, you will want to spend time understanding the market before opening a position.

To <mark style="color:yellow;">see key details about a market:</mark>

<mark style="color:yellow;">Click the</mark> <mark style="color:yellow;"></mark><mark style="color:yellow;">**Details**</mark> <mark style="color:yellow;"></mark><mark style="color:yellow;">tab on the top part of the trade page.</mark>

* Tick Size: Every market has a predetermined tick size, which refers to the smallest possible price increment that can occur in that particular market.
* Step Size: The step size in a market represents the minimum quantity or increment by which orders can be placed for that particular market.
* Minimum Order Size: Minimum order sizes vary by asset.

In every market, there exist two risk parameters - initial margin fraction and maintenance margin fraction. These parameters determine the maximum leverage that can be applied in that market. They also play a crucial role in calculating the minimum value that must be maintained in an account to open or increase positions (initial margin), or to prevent liquidation (maintenance margin).

* Maximum Leverage: Every market has a predetermined maximum leverage that cannot be exceeded. It is not possible to execute trades that would result in a leverage level higher than this limit.
* Initial Margin Fraction: The initial margin fraction represents the minimum margin required to initiate a position. This fraction is calculated by dividing the position's notional amount by the equity. If the margin fraction surpasses the initial margin fraction, further position increments will be prohibited.


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://prodigyfi.gitbook.io/perps-user-guide/markets/market-details.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.